Watch Market in Switzerland
In value terms, watch production contracted to $ in estimated in export price. Overall, production showed a slight increase. The pace of growth was the most pronounced in 2011 when the production volume increased by %. Over the period under review, production reached the maximum level at $ in 2014; however, from 2015 to , production stood at a somewhat lower figure.
The revenue of the watch market in Switzerland fell markedly to $ in , with a decrease of -% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption showed buoyant growth. As a result, consumption attained the peak level of $, and then shrank remarkably in the following year.